Number of Members: Nine Members to be appointed to no more than three consecutive terms

Meetings: Once a month except during budget season when the committee ususally meets once or twice each week.

Authority: Reading Charter Adopted March 24, 1986

Purpose: The Finance Committee shall have all the powers and duties granted to Finance Committees under the laws of the Commonwealth, Town Bylaws, Town Meeting vote and other applicable laws. In addition to these powers the Finance Committee shall have the power to investigate the books, accounts, records and management of any office, Board or Committee in Town and may use agents in carrying out such investigations. The Finance Committee shall report its findings approval or disapproval on all articles which involve the expenditure of funds in the Warrant in writing at least seven (7) days before Town Meeting. Such report shall not preclude further action or reconsideration by the Finance Committee.